Hugh Hefner's Old Chicago Playboy Condo on Sale for $5.8 Million [VIDEO]

Hugh Hefner's old Chicago Playboy condo is up for sale for a whopping $5.8 million, down from $6.7 million when it first went on the market in July, according to reports.

The mansion, located in the Gold Coast Historic District, is divided into seven condominiums, according to Dennis Rodkin, from Deal Estate and Chicago Magazine, who spoke to myfoxchicago.com. The one condo that takes up a whole floor is the one that's for sale. What's more is that an 1899 ballroom that once hosted former President Theodore Roosevelt and Admiral Robert Peary still remains intact, though it has been repurposed according to Chiacgomag.com.

It's the most spectacular living room I've ever seen in the city of Chicago, said the condo's listing agent, Katherine Chez Malkin to the online magazine, which also reports that Hugh Hefner lived and played with his bunnies in the house between 1959 and 1974.

The condo, 57 feet long, 27 feet wide and 28 feet tall, features carved pillars, lavish paneling, and painted ceiling beams, spreading out like a large single-family home. The central area holds the living room, the dining room (15 feet by 20 feet), the kitchen, an office, and a library; the west wing holds three bedrooms and a family room; and the east wing holds the master suite, which is the only room where the original wood has been painted. A large master bathroom and a wood-paneled study with a fireplace complete the suite.

The dining room comes with built-in bookcases and tall windows overlooking a shared garden, while the kitchen, finished with glass upper cabinet doors and a large island, is a little more isolated. The good news about the kitchen is that it and the family room, look onto a sheltered porch big enough for people to sit and eat. Next to the kitchen is a television and reading room, formerly Hefner's bedroom, which is trimmed in stone lion heads and wooden fruit.

Myfoxchiacgo.com also reports that, originally, the ballroom had a slide that ran all the way into the pool in the basement. However, the pool is now a garage and the slide is gone, yetthe trap door remains as a souvenir.

If you had the money, would you bid for Hef's dig? Watch the video tour of the place below and see if it can convince you.